Taking Advantage of Today’s Interest Rates
Is now the time to refinance business debt? Is now the time to get a new loan for your business? In today’s low interest rate environment, many business owners are tempted to try to refinance existing debt or obtain a new loan to take advantage of historically low interest rates. Some owners are seriously looking […]
Building a Relationship You Can Bank On
Business relationships are important to overall business success, and far too few borrowers continue in a meaningful relationship with their lender after their loan has closed. In many cases, an adversarial type relationship develops over time. A common perception is that bankers only want to assist you when you don’t need them. Mark Twain even […]
To Debit or Not to Credit
The accounting profession has experienced a complete transformation in the way financial statements are generated and communicated to users. The emergence of low cost accounting software packages has replaced ledger cards and column pads, while hand written journal entries and general ledger postings seem now to have been replaced by “save” and “ok” buttons. With […]
Profit Engineering for Small Businesses
Now that many businesses have ended their calendar year and are preparing for tax reporting, it is an excellent time to evaluate last year’s performance and define areas needing improvement. As the economy tends to drift along at a sluggish pace, most businesses need to sharpen planning skills and develop a strategy that will deliver […]
Juggling Small Business Growth
Everyone in business wants to grow, right? Except for hobby businesses, or those where the owner doesn’t have growth as a goal, the answer is usually “yes.” In the beginning, most business owners think only of survival, and rightly so. The popular press is full of studies touting the long odds against business survival, let […]